@InvestorOmar
BCH Analysis; Crypto Analysis; Crypto To The Moon Series.#66 DISCLAIMER: I am not a financial advisor nor certified analyst. All contents discussed on this blogpost are solely my own personal views and for Trading education/entertainment purposes only . Do your own research and due diligence. With that being said,let's get into it; BCH 1D Timeframe
Looking back at the previous analysis made before the dip, we currently seem to be retesting on a major key level which where formed by many candlesticks with the last one formed on December 4th. Since we experienced the dip, we've been finding it hard to cross the $400 mark as that's where the resistance zone is formed. A good breakout from the resistance zone could be a sign for a possible continuous bullish movement for some time. BCH 4h Timeframe
On the 4h Timeframe, we could see the retest at $384 which made us go bearish and finally landing at a support zone at $295. Upon reaching the support zone, we immediately got an increase vin price which brought us to where we are now which is still a resistance zone and could anticipate a bearish movement unless there's a successful breakout. BCH 1h Timeframe
The use of the 1h timeframe brings more hope of a bullish movement as we made it across a trend line formed after multiple retest on a resistance zone. The structure is more of like a symmetrical triangle and the break out is at a bullish path. Hopefully the resistance zone doesn't have much effect on us and we go even more bullish.✓ `•~•`
Swap your crypto anytime for free without account registration https://sideshift.ai/a/Omar **Previous Articles**: BTC Analysis; Crypto Analysis; Crypto To The Moon Series.#65 https://read.cash/@InvestorOmar/btc-analysis-crypto-analysis-crypto-to-the-moon-series65-9a8a0038 BCH Analysis; Crypto Analysis; Crypto To The Moon Series.#64 https://read.cash/@InvestorOmar/bch-analysis-crypto-analysis-crypto-to-the-moon-series64-5f05c93b Until Next Time, Peace.
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